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    11550 Roosevelt Blvd Philadelphia, PA 19116-3032
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    Property profile & analytics

    11550 Roosevelt Blvd, Philadelphia, PA 19116-3032

    View on Map
    • Motels
    • 64,796 SF
    • 4.16 lot acres
    Off-Market
    Last Sale Apr 17, 2024
    $4,400,000
    Property ID
    US73-2878342
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,400,000
    Show details
    Cap Rate Potential
    8.9%
    Motels
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 11550 Roosevelt Blvd

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.16 lot acres
    Zone code
    I1
    Property type
    Motels
    APN
    88-3-7635-00
    APU
    883763500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 17, 2024 $4,400,000 Pooja 11580 LLC Eighty Eight LP Special Warranty Deed $5M · Shoreham Bank
    Apr 26, 2017 — Eight Eight L P — Deed · related $3.3M · Constitution Bank
    Jul 18, 2014 — Eighty Eight LP — Grant Deed · related $4.3M · Third Fed'l Bk
    Aug 1, 1997 $2,000,000 Eighty Eight LP Paid Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,400,000
      ML approach
      $4,400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,540,000
      6.5%
      $6,035,000
      7%
      $5,605,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $7,225,000
      AUTO REPAIR, GARAGE
      $6,505,000
      MEDICAL BUILDING
      $6,325,000
      COMMERCIAL (GENERAL)
      $6,020,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0056
    Latitude
    40.1036
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $60,887
    $869,940
    $3,479,760
    $4,349,700
    -
    $869,940
    $3,479,760
    $4,349,700

    Comparable in this City

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      0.15 Acres

      10018 Sandmeyer Ln

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      10018 Sandmeyer Ln, Philadelphia, PA 19116-3502
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      2.31 Acres

      10400 Roosevelt Blvd

      PARKING LOT
      10400 Roosevelt Blvd, Philadelphia, PA 19116-3905
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    • Value Estimation by Request
      2.30 Acres

      11730 Stevens Rd

      VACANT COMMERCIAL LAND
      11730 Stevens Rd, Philadelphia, PA 19116
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      45,506 SF

      13430 Damar Dr

      WAREHOUSE, STORAGE
      13430 Damar Dr, Philadelphia, PA 19116-1801
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    • Value Estimation
      $5,415,000
      66,600 SF

      13410 Damar Dr

      WAREHOUSE, STORAGE
      13410 Damar Dr, Philadelphia, PA 19116-1810
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Commercial Building at Roosevelt Boulevard

      Commercial building with two units in Northeast Philadelphia.
      11-10050 E Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • New
      $509,900
      1,846 SF

      2-Unit Duplex with Garages

      Well-kept 2+2 duplex offers a vacant renovated unit plus a month-to-month lease, with two garages and a fenced yard.
      269-00 Nandina Ter, Philadelphia, PA 19116
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    • New
      Contact for pricing
      0.69 Acres

      Office Building with Ample Parking

      Strong traffic and exceptional on-site parking support owner-user operations and multi-tenancy or sale-leaseback strategies.
      14500 Bustleton Ave, Philadelphia, PA 19116
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    • $499,900
      0.51 Acres

      Vacant Land in Philadelphia

      0.51 acre vacant lot zoned CA2 for commercial use.
      11990 Rennard St, Philadelphia, PA 19116
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    • Contact for pricing

      Roosevelt Boulevard Retail Opportunity

      Retail spaces available in high-traffic Philadelphia shopping center.
      11000 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • New
      $449,900
      1,584 SF

      Renovated 2-Unit Duplex

      Well-maintained duplex with two 2-bedroom units, one vacant and updated, plus a month-to-month tenant-ready second floor.
      529 Avon St, Philadelphia, PA 19116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      252,826 SF

      Roosevelt Blvd Industrial Space

      Industrial space available for lease on Roosevelt Blvd.
      11200 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • Contact for pricing

      Roosevelt Boulevard Warehouse Space

      Warehouse space available for lease on Roosevelt Boulevard.
      15000 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • Contact for pricing
      23,000 SF

      Industrial Space in Philadelphia

      23,000 sq ft industrial property available for rent.
      2055 Bennett Rd, Philadelphia, PA 19116
      View Details
    • Contact for pricing

      Retail Space on Roosevelt Boulevard

      Retail property with junior anchor space available for lease/sale.
      10500 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • $1,350 /Mo

      Professional Office Space Available

      Well-maintained office space in a convenient Philadelphia location.
      10065-67 Sandmeyer Ln, Philadelphia, PA 19116
      View Details
    • Contact for pricing

      Victorian Office Space Available

      Professional office space with high visibility in Somerton section.
      14500 Bustleton Ave, Philadelphia, PA 19116
      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      7.4k
    • Avg Time on site
      245 min
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    Philadelphia, PA 19116-3032
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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